Andre Hakkak is better known for his career in private credit than for real estate. As founder, managing partner and CEO of White Oak Global Advisors, he has spent much of his professional life working in finance.

Yet the Andre Hakkak house has attracted considerable attention in South Florida. The reason is simple: his recent property transactions involve two substantial estates, including a $14.3 million Pinecrest mansion and a former Coral Gables home that sold for $27.5 million in 2024.

The newer Pinecrest residence is particularly interesting because it was purchased while construction was still underway. It reportedly spans about 10,500 square feet, sits on roughly 1.2 acres, and includes seven bedrooms, 11 full bathrooms, two half-bathrooms, a pool, gym, theater and guest house.

Rather than repeating unverified claims about private residences, this updated guide focuses on the property details that have been publicly reported and explains why the transaction matters in South Florida’s luxury housing market.

Who Is Andre Hakkak?

Andre A. Hakkak is a finance executive and entrepreneur who has been associated with White Oak Global Advisors since the firm’s founding in 2007.

White Oak’s official biography identifies him as the firm’s Founder, Managing Partner and Chief Executive Officer. Before White Oak, he founded Alpine Global, an investment-management business focused on alternative fixed income and real-estate investments, and previously founded and managed Suisse Global Investments.

White Oak describes itself as an SEC-registered investment adviser and private-credit firm providing financing solutions to small and middle-market businesses. The company says it has deployed more than $20 billion of capital since inception.

Hakkak’s professional background makes his real-estate activity particularly interesting. His South Florida properties aren’t simply examples of celebrity spending; they also provide an interesting look at how wealthy buyers approach large residential assets.

Andre Hakkak House: The $14.3 Million Pinecrest Mansion

The property most closely associated with Hakkak’s current South Florida real-estate story is a newly constructed mansion in Pinecrest, Florida.

Hakkak purchased the home in July 2024 for approximately $14.3 million, making it the most expensive residential sale recorded in Pinecrest at that time. The property was purchased from developer Francisco Dionicio’s Dionicio Investment Group.

One important detail often missed in articles about the property is that Hakkak bought the home before construction was finished. According to reporting on the transaction, construction was subsequently completed.

Pinecrest Mansion at a Glance

The figures above reflect the more detailed property reporting available from 2024. One earlier report described the home as approximately 15,000 square feet, but The Real Deal’s transaction report gave the more specific figure of 10,500 square feet.

That distinction matters because luxury-property articles frequently repeat differing measurements from promotional materials and later reporting. For accuracy, it is better to acknowledge the discrepancy than present one figure as unquestionably definitive.

What Makes the Pinecrest House Special?

A Large 1.2-Acre Property

The house sits on approximately 1.2 acres, giving it something that is increasingly difficult to find in major metropolitan areas: substantial private land.

The value of a property like this isn’t determined by square footage alone. A large lot gives the owner room for landscaping, recreational facilities, guest accommodation and extensive indoor-outdoor living.

The developer reportedly acquired the more than 50,000-square-foot site in 2017 before developing the residence.

Seven Bedrooms

Seven bedrooms provide considerable flexibility.

In a conventional family home, bedroom count is mainly about accommodating residents and visitors. At the luxury level, bedrooms can also support:

• Long-term guests
• Family gatherings
• Staff accommodation
• Private suites
• Flexible office or hobby spaces

The important point is that the home is designed for a lifestyle in which entertaining and hosting can be as important as everyday living.

More Than a Dozen Bathrooms

The property reportedly contains 11 full bathrooms and two half-bathrooms.

That might seem excessive compared with an ordinary home, but the ratio makes more sense when considered alongside seven bedrooms, multiple entertainment areas, a guest house and the overall size of the property.

In a large luxury residence, multiple bathrooms reduce congestion and allow different sections of the home to operate independently.

Swimming Pool

The property also features a substantial swimming pool. One report described it as approximately 86 feet long.

In South Florida, this isn’t simply a decorative addition. Pools are central to the way many high-end properties are designed.

The outdoor area can become an extension of the living space, especially during the warmer months.

Private Gym

A private gym is another reported feature of the Pinecrest estate.

For a residence of this scale, a dedicated wellness area makes practical sense. It removes the need to travel to a commercial gym and allows exercise equipment to be integrated into the home’s overall design.

Home Theater

Unlike some speculative articles that simply assume a luxury mansion has a theater, the Pinecrest property has been specifically reported as including one.

A dedicated theater can provide a separate entertainment zone without turning the main living room into a media room.

Guest House

The property also reportedly includes a guest house.

This is one of the more useful features of a large estate because it creates separation between the primary residence and visitors. It can provide guests with privacy while preserving the owner’s everyday living space.

Why Did Andre Hakkak Choose Pinecrest?

Pinecrest is different from Miami’s best-known luxury neighborhoods.

It is primarily a low-density residential community where large lots and detached houses are common. That creates an environment that appeals to buyers looking for space and privacy while remaining within the broader Miami metropolitan area.

The broker involved in Hakkak’s purchase told the Miami Herald that high-net-worth buyers from outside Florida, including California, the Northeast and South America, were increasingly looking at Pinecrest.

There is an important economic point here.

For affluent buyers, the decision isn’t always about finding the most expensive ZIP code. Sometimes it is about finding the best combination of land, privacy, accessibility and lifestyle for the money.

Hakkak’s purchase is a good example.

The Former Andre Hakkak House in Coral Gables

Before moving into the Pinecrest property, Hakkak and his wife, Marissa Shipman, owned a substantial estate in Gables Estates, Coral Gables.

They purchased the home at 8950 Arvida Drive in 2020 for approximately $13.6 million.

The property was completed in 2016 and reportedly contained:

• Approximately 12,300 square feet
• Six bedrooms
• Nine full bathrooms
• Two half-bathrooms
• Six-car garage
• Swimming pool
• Nearly two acres of land

The house was not waterfront, but its location in the exclusive Gables Estates neighborhood placed it firmly within Coral Gables’ luxury market.

How Much Did Andre Hakkak Sell His Coral Gables House For?

This is arguably the most remarkable part of Hakkak’s real-estate history.

In July 2024, Hakkak and Shipman sold the Coral Gables mansion for $27.5 million in an off-market transaction.

They had paid about $13.6 million four years earlier.

That means the difference between the reported purchase and sale prices was approximately:

$27.5 million − $13.6 million = $13.9 million

However, it would be misleading to call $13.9 million the couple’s net profit.

A genuine investment calculation would need to account for:

• Property taxes
• Insurance
• Maintenance
• Renovations
• Financing costs, if applicable
• Legal expenses
• Selling expenses
• Other ownership costs

So the transaction demonstrates substantial gross appreciation, but not necessarily a $13.9 million net gain.

From a $27.5M Sale to a $14.3M Purchase

The timing makes the story even more interesting.

In 2024, Hakkak’s Coral Gables property sold for $27.5 million. Shortly afterward, he acquired the Pinecrest mansion for $14.3 million.

That means the newer house was purchased for roughly $13.2 million less than the previous property’s sale price.

This challenges a common assumption about luxury homeowners: that every new house represents an upgrade in price.

Here, the move appears more nuanced.

The Pinecrest property offered:

• New construction
• A large lot
• Modern design
• Seven bedrooms
• Extensive amenities
• A private guest house
• A different residential environment

In other words, luxury isn’t always about paying more. Sometimes it is about getting a different combination of features.

Andre Hakkak House: Confirmed Facts vs. Online Speculation

This distinction is important when researching high-profile homes.

Online articles frequently describe private residences with phrases such as “likely includes” or “may feature” and then list home theaters, smart-home systems, designer furniture, marble bathrooms and branded appliances as if they were confirmed facts.

That approach creates inaccurate content.

For the Pinecrest property, publicly reported information confirms several major features, including the size, bedrooms, bathrooms, pool, gym, theater and guest house.

Other details should not automatically be presented as fact unless supported by property records, reporting or the developer’s documented materials.

Confirmed or Reported

• Pinecrest location
• Approximately $14.3 million purchase
• Approximately 1.2-acre lot
• Approximately 10,500 square feet
• Seven bedrooms
• 11 full bathrooms
• Two half-bathrooms
• Pool
• Gym
• Theater
• Guest house
• Four-car garage

Details That Should Be Treated Carefully

Claims about:

• Specific furniture brands
• Exact interior materials
• Voice-controlled systems
• Designer lighting
• Specific artwork
• Private security arrangements
• Personal rooms or possessions

should not be stated as facts without reliable documentation.

That distinction makes the article more useful to readers and avoids turning speculation into “property facts.”

What Really Determines the Value of a Luxury House?

A common mistake is to assume that the largest mansion automatically has the highest value.

Luxury real estate is more complicated.

1. Land

Large residential lots are increasingly valuable because they are difficult to reproduce in established communities.

The Pinecrest property benefits from approximately 1.2 acres of land, not merely its interior space.

2. Location

The same 10,500-square-foot house could command very different prices depending on its location.

Pinecrest provides access to the Miami area while maintaining a more residential, low-density environment.

3. New Construction

A newly built home can be attractive to wealthy buyers because it reduces some of the uncertainty associated with renovating an older property.

Instead of purchasing an older mansion and spending millions modernizing it, a buyer can acquire a residence designed around contemporary expectations from the beginning.

4. Lifestyle Features

The pool, gym, theater and guest house aren’t just decorative luxuries.

They change how the property can actually be used.

That’s an important distinction when evaluating a high-end home: amenities have value when they improve the way the property functions, not simply because they sound impressive.

Three Lesser-Known Insights From Hakkak’s Property History

1. The Pinecrest Purchase Was a Record at the Time

The $14.3 million transaction wasn’t simply another luxury sale.

It became the most expensive residential sale in Pinecrest at the time, surpassing the previous record associated with Jorge Mas’ $13.9 million transaction.

That puts Hakkak’s purchase into the broader history of Pinecrest’s rapidly developing luxury market.

2. The New House Was Bought Before Completion

This is one of the more unusual details.

Hakkak purchased the Pinecrest property while it was still under construction.

For buyers with significant resources, purchasing during development can provide access to brand-new inventory that may not exist on the resale market.

It can also potentially give the buyer some influence over final details, although the available reporting does not establish exactly how much Hakkak participated in the home’s design.

3. The Property Shift Was About More Than Price

The previous Coral Gables house sold for nearly twice the price of the Pinecrest purchase.

That suggests the move shouldn’t automatically be interpreted as an attempt to acquire an even more expensive residence.

Instead, it demonstrates that sophisticated buyers may evaluate luxury properties according to several variables simultaneously: land, privacy, construction, location, amenities and long-term suitability.

Is Andre Hakkak’s House in California or Florida?

The publicly documented homes discussed in recent real-estate reporting are in Florida.

Hakkak and Shipman previously owned a mansion in Coral Gables, while Hakkak subsequently purchased the Pinecrest property.

Therefore, descriptions claiming that his primary luxury residence is “possibly in California or Florida” are too vague when discussing these documented transactions.

There is also no reason to publish a private street address simply to answer where the property is located. Identifying the community and publicly reported property information is enough for understanding the real-estate story.

FAQ

Where does Andre Hakkak live?

Public reporting places Andre Hakkak’s recent real-estate activity in South Florida. In 2024, he purchased a newly built mansion in Pinecrest for approximately $14.3 million after selling his previous Coral Gables property.

How much did Andre Hakkak pay for his house?

Hakkak paid approximately $14.3 million for his Pinecrest mansion in 2024. The transaction was reported as a record residential sale for Pinecrest at the time.

How big is Andre Hakkak’s Pinecrest house?

The Real Deal reported that the Pinecrest estate covers approximately 10,500 square feet on 1.2 acres. It has seven bedrooms, 11 full bathrooms, two half-bathrooms, a pool, gym, theater and guest house.

What happened to Andre Hakkak’s Coral Gables mansion?

Hakkak and Marissa Shipman purchased the Gables Estates property for approximately $13.6 million in 2020. They sold the mansion in an off-market deal for $27.5 million in 2024.

Did Andre Hakkak make a profit on the Coral Gables property?

The reported purchase-to-sale price difference was about $13.9 million, but that should not be described as net profit. Taxes, insurance, maintenance, renovations and transaction costs would all affect the actual financial return.

Does Andre Hakkak own the Pinecrest mansion?

Public reporting identifies Hakkak’s separate-property trust as the buyer of the Pinecrest residence. The property was purchased from developer Francisco Dionicio’s Dionicio Investment Group in 2024.

Conclusion

The story of the Andre Hakkak house is more interesting when viewed through the lens of South Florida real estate rather than simply as a luxury-home tour.

Hakkak and Marissa Shipman previously owned a roughly 12,300-square-foot mansion in Coral Gables that they bought for about $13.6 million in 2020 and sold for $27.5 million in 2024. Hakkak then purchased a newly constructed Pinecrest estate for approximately $14.3 million, creating a record residential sale for the community at that time.

The Pinecrest property combines approximately 1.2 acres of land with a 10,500-square-foot residence, seven bedrooms, 13 total bathrooms, a pool, gym, theater, guest house and four-car garage.

The biggest lesson isn’t that wealthy people buy enormous houses. It is that luxury real estate is ultimately about the combination of land, location, privacy, construction quality and lifestyle.

Hakkak’s move from Coral Gables to Pinecrest is a particularly good example. His newer home cost considerably less than the property he had just sold, yet it offered a different mix of space and amenities. That’s what makes his real-estate history worth examining—not just the millions involved, but the strategy behind the properties.